Heartland BancCorp to Purchase TransCounty Title Agency

WHITEHALL, Ohio, Sept. 04, 2018 (GLOBE NEWSWIRE) -- Heartland BancCorp (OTCQB: HLAN), parent company of Heartland Bank, today announced that it has entered into an agreement to purchase TransCounty Title Agency, a community focused boutique agency with three branch locations and two additional closing locations in Central Ohio.  With approximately $2 million in gross revenue, TransCounty provides commercial and residential title services along with searches and escrow services.  

“Risk mitigation, smooth closings, and well-informed clients create value in real estate transactions for all involved,” said Scott McComb, Chairman, President and CEO of Heartland BancCorp.  “TransCounty has a stellar reputation in the marketplace and will enhance our delivery going forward. Creating non-interest income in our related businesses is a significant part of our strategic plan, and this partnership will make for a good return for our shareholders.”

“We are delighted to partner with Heartland BancCorp and the opportunity this presents to work with a leader in community banking and to expand alongside Heartland throughout Ohio,” said Patrick T. John, Owner, President & CEO of TransCounty Title Agency.  “Our shared common core values of integrity, ethics, professionalism and superior service makes this acquisition a great match for years to come.”

About Heartland BancCorp

Heartland BancCorp is a registered Ohio bank holding company and the parent of Heartland Bank, which operates 15 full-service banking offices. Heartland Bank, founded in 1911, provides full-service commercial, small business, and consumer banking services; professional financial planning services; and other financial products and services. Heartland Bank is a member of the Federal Reserve, a member of the FDIC, and an Equal Housing Lender. Heartland BancCorp is currently quoted on the OTC Markets (OTCQB) under the symbol HLAN. Learn more about Heartland Bank at Heartland.Bank.

In May 2018, Heartland was ranked #37 on the American Banker magazine's list of Top 200 Publicly Traded Community Banks and Thrifts based on three-year average return on equity ("ROE") as of 12/31/17.

Safe Harbor Statement

This release contains forward-looking statements that reflect management's current views of future events and operations. These forward-looking statements are based on information currently available to the Company as of the date of this release.  It is important to note that these forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including, but not limited to, the ability of the Company to implement its strategy and expand its lending operations.